Land and home values in Mahomet, IL
Mahomet is a village in Champaign County, Illinois, home to about 10,049 people. Residential land runs about $6.09 per sq ft, the typical home is worth about $360,000, and a 2-bedroom rents for about $1,410 a month, as of October 12, 2026.
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| Land: residential | $6.09 | per sq ft |
| Land: residential | $265,455 | per acre |
| Land: quarter-acre lot | $66,364 | 10,890 sq ft |
| Home: typical (median) | $360,000 | value |
| Home: entry-level | $256,000 | lower quartile |
| Home: upper-end | $480,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,190 | per month |
| Rent: 2-bedroom | $1,410 | per month |
| Rent: 3-bedroom | $1,800 | per month |
| Rent: 4-bedroom | $1,870 | per month |
| Gross yield, 2-bed | 4.7% | a year |
Questions people ask
How much is land worth in Mahomet, IL?
Residential land in Mahomet, IL is about $6.09 per square foot, or $265,455 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $66,364. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Mahomet, IL?
The typical (median) home in Mahomet, IL is worth about $360,000, with entry-level homes around $256,000 and upper-end homes around $480,000, as of October 2026.
How much is rent in Mahomet, IL?
A 2-bedroom rents for about $1,410 a month in Mahomet, IL, a 1-bedroom about $1,190 and a 3-bedroom about $1,800 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.